Tasco is climbing higher, touching the RM0.995 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.05, followed by RM1.09. The downside support is marked at RM0.90. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM0.995

Target: RM1.05, RM1.09 (time frame: 2-4 weeks)

Exit: RM0.90

Source: AmInvest Research - 29 Mar 2021